Australia Private Sector Credit for December: +0.2% m/m (expected 0.2%)

US grid faces record demand & price spikes amid heatwave. Emergency orders issued, watch energy sector volatility.

Equites getting hit. South Korea Kospi dumped 6%. Japan's Nikkei down more than 2.5% Equity index futures in the US and Europe lower

Meta's cloud pivot sinks AI chip stocks MU & SNDK 10%+. Nasdaq slides.

JPMorgan warns a growing split between AI hardware stocks and heavy AI capex spenders echoes market dynamics from 1999, just before the dot-com crash.

PBOC is expected to set the USD/CNY reference rate at 6.7929 – Reuters estimate

Salmonella fears hit snack stocks! FDA's Class I recall sparks consumer caution, impacting chip valuations.

UBS stays bullish on equities after global stocks posted their best quarter in six years, expecting AI capex near USD 1tn and a broadening rally into cyclicals.